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Federally directed auto-company restructurings

So what are the chances that in a conventional bankruptcy-court proceeding, a judge would have handed over a mere 10 percent interest in the revamped General Motors to actual creditors, and 39 percent to the United Auto Workers union?



Rafael Mangual
Project Manager,
Legal Policy

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.